Movers of the Day 13-Jan-2024

Tokens and coins that moved the most in the last 24 hours:

Top movers of the day are Synapse and rats (Ordinals). Since morning Synapse has increased by 13.75%, the token of the rats (Ordinals) has surged 36.94%.

The crypto markets finished the day higher as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended  between +1.62% and +6.21%. Our main 2100NEWS Total Index (NWST1100) ended +2.17%. Bitcoin ended +1.14%, Ether ended +2.88%.

The criteria upon which these specific cryptocurrencies and indices have been highlighted are detailed in supplemental notes. The provided data offers a snapshot of the last 24 hours until midnight. Therefore, it may not accurately represent the current market conditions at the time of your inquiry.

Synapse (SYN)

Synapse is a cross-chain layer ∞ protocol powering frictionless interoperability between blockchains. Synapse provides decentralized, permissionless transactions between any L1, sidechain, or L2 ecosystem. It powers integral blockchain activities such as asset transfers, swaps, and generalized messaging with cross-chain functionality – enabling new primitives based on its cross-chain architecture. While Synapse focuses on cross-chain transactions, at its core, there has been and continues to be an AMM that enables low slippage swaps between pegged assets on any chain. At any point, users can use Synapse to swap between native stablecoins at the best rates on all Synapse-enabled chains.

rats [Ordinals]  (RATS)

RATS is a BRC-20 meme token on the Bitcoin blockchain with a significant total supply, designed for trading and potentially driven by community interest and viral trends. The RATS BRC-20 token isamongf the most popular meme coins on the Bitcoin blockchain. It was created by the Ordinals protocol and using satoshis, following the BRC-20 standard. This standard allows for creating and managing tokens on Bitcoin’s network. As a meme token, RATS primarily derives its value and utility from community interest and popularity rather than underlying technical or economic functionalities. Regarding technical operation, RATS tokens are inscribed on the Bitcoin blockchain, a process that records their details and transactions. Users can trade, hold, or engage with these tokens through cryptocurrency exchanges that support BRC-20 tokens.

Top movers of the day are Synapse and Sui. Since midnight Synapse has surged 25.40%, Sui has increased by 12.10%. Moonriver is 8.37% higher.

After yesterday’s drop the crypto markets moved higher this morning. Since midnight 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 2.40%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 1.76% higher. Bitcoin has increased by 1.55%, Ether by 2.00%.

Sui (SUI)

Sui is a permissionless layerone1 blockchain designed to be both developer and user-friendly. It can support a wide range of application development with unrivaled speed at low cost. Like most other blockchains,  Sui uses objects as its primary data storage unit rather than accounts. Developers define, create, and manage these programmable objects representing user-level assets. An object has distinct attributes, including ownership, whose values can be updated based on the governing logic of the smart contract that created it.

Moonriver (MOVR)

Moonriver is the utility token of the Moonriver Network, Moonbeam’s Kusama deployment that serves as a “CanaryNet” to the Moonbeam Network. As such, the token utility behaviors on Moonriver will mirror that of Moonbeam. Moonbeam is a developer-oriented blockchain that strives to provide compatibility with the existing Ethereum developer toolchain and network. It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonbeam to existing Ethereum networks. This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. Supply and other token economic behaviors on Moonriver will be the same as on Moonbeam, but token distribution will be different to support the unique goals and attributes of the network. Moonriver will serve as a “CanaryNet” for Moonbeam, but it will also be a community-led experiment where the community will decide its direction. Among other things, Moonriver used a large parachain crowdloan to obtain its initial parachain slot on Kusama.